Top Buys by Top Brass: President Baker's $252K Bet on KYN

A company’s own top management tend to have the best inside view into the business, so when company officers make major buys, investors are wise to take notice. Presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So in this series we look at the largest insider buys by the ”top brass” over the trailing six month period, one of which was a total of $252K by James C. Baker, President at Kayne Anderson MLP Investment Company (Symbol: KYN).

Purchased	Insider	Title	Shares	Price/Share	Value
02/28/2025	James C. Baker	President	20,000	$12.60	$252,000.00

Baker’s average cost works out to $12.60/share. In trading on Tuesday, bargain hunters could buy shares of Kayne Anderson MLP Investment Company (Symbol: KYN) and achieve a cost basis lower than Baker, with shares changing hands as low as $12.30 per share. Shares of Kayne Anderson MLP Investment Company were changing hands at $12.39 at last check, trading down about 2.5% on Tuesday. The chart below shows the one year performance of KYN shares, versus its 200 day moving average:

Kayne Anderson MLP Investment Company Chart

Looking at the chart above, KYN’s low point in its 52 week range is $9.13 per share, with $13.69 as the 52 week high point — that compares with a last trade of $12.39.

The current annualized dividend paid by Kayne Anderson MLP Investment Company is $0.96/share, currently paid in monthly installments, and its most recent dividend ex-date was on 02/14/2025. Below is a long-term dividend history chart for KYN, which can be of good help in judging whether the most recent dividend with approx. 7.6% annualized yield is likely to continue.

KYN+Dividend+History+Chart